VOlUME 05 ISSUE 06 JUNE 2022
Donald L. Buresh, Ph.D., J.D., LL.M.
Morgan State University
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ABSTRACT
This essay aims to discuss the low probability of occurrence and high probability of impact risk introduced into the business risk equation when the cloud computing services that Parler Corp. contracted from Amazon.com, Inc. In a few days, Parler was pulled from the Google Play Store and the Apple Store. Because of these actions of its cloud computing providers, Parler went from a company valued at $1 billion to an organization that was effectively broke and unable to do business. The acts of Amazon, Apple, and Google demonstrated the immense power yielded by cloud computing providers over the business activities of their customers. Companies should be mindful that when engaging the services of a cloud computing provider, they are exposing the business to an unacceptable level of risk. A firm should evaluate this risk and decide whether it is worth assuming. An organization ignores this risk at its peril.
KEYWORDS:Cloud Computing,January 6, 2021 Riot,Key Performance Indicators, Key Risk Indicators, Parler Corp., Risk Assessments,Risk Factors
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